Petrobras moves FPSO conversion work to China

Offshore staff

RIO DE JANEIRO – Petrobras (NYSE:PBR) is moving to China the work of converting four tankers into FPSOs.

According to the Dow Jones report of a newspaper article in Brazil, the work on P-67, P-75, P-76, and P-77, the Brazilian shipyards would not be able to meet the construction schedule which would result in delays getting into production.

Petrobras also said the change still will meet the requirements for local content as the work amounts to less than 3% of the total value and that the conversions would be completed in Brazil.

P-67 is part of an order for eight replicated FPSOs, while the other three will be used to produce oil from areas transferred to the company from the government.

Petrobras has done work on FPSO conversion in China prior to this.

2/26/2013

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...